Once, a guy was working in the casino industry. He was a basketball fan and had posters of Michael Jordan spread across the walls of his room. There was nothing odd about it, except he was 25 and living with his girlfriend at the time. But hey, we all had our idols to look up to.
Passionate gamblers, on the other hand, had Billy Walters. Though there are no records of one single gambling person holding Billy’s poster, he was a true casino legend. If you remember, back in the 90s, Muhammad Ali’s wife coined the term G.O.A.T., i.e., greatest of all times. Billy was a true sportsbook GOAT.
Walters was remembered as a master of sportsbook betting. However, this wasn’t his only passion. Billy was a regular guest at the best Las Vegas casinos and won many poker tournaments. Despite his humble origins, Billy managed to come out from the shadow and become well-recognized in gambling and business life.
Today, Billy is the CEO of The Walters Group, owner of several luxury golf courses, car dealerships, and a number of startups. He’s no longer active in the sportsbooks, but his name will forever be on many bettor’s lips before they placing their wagers. That’s why we’ll discover everything about this famous casino player right here. The hope is that he’ll inspire some great wins for you in the future.
For Billy Walters, It All Started With $40
William Thurman Walters did not have a typical childhood. He was born on July 15, 1946, in Kentucky to a poor family. His father died while Billy Walters was still a baby, and he stayed with his mother, who was an alcoholic.
However, one boy’s life took an unexpected turn when his mother left him, and William was taken care of by his grandmother. She didn’t have enough money, and they lived in a house that met only the minimum requirements for what we would call a decent life. In order to raise seven kids, Thurman’s grandmother worked two jobs. However, that was just enough to keep the wolf away from the door.
Inspired by the great struggle and sacrifice made by his grandmother, Billy started his first business at the age of seven. Namely, his grandmother helped him get a $40 loan, which he used to buy a lawnmower. Over the next two years, William managed to repay the loan. His next job was delivering newspapers, which he did every day before school.
A 6-Year-Old Billy Walters’ First Bet
Bill’s first bet was a game of nine-ball. His grandmother took him to his uncle’s pool hall, where William played for a penny. It was at that time when young Billy started developing his love for betting.
Today, we’re blessed with the internet. In fact, all information we need is at our fingertips. If you’re looking for a perfect casino/sportsbook, you just need to type in Brazino777 Casino review, for example, and find all details you need, for instance. But, back then, you would expect to fail a couple of times before landing any win.
Billy Walters entered the gambling world as a 10-year-old. His first bet was back in 1955. William bet on the World Series for the New York Yankees to beat the Brooklyn Dodgers. He lost $125 on this one. However, dreams do come true if you believe in yourself. In the end, perseverance paid out. Thus, William got his 15 minutes of fame at the beginning of 1980.
Renting His Mother’s Basement
William was 13 when his life was struck again by tragedy. His grandmother died, and Billy was left homeless again. He soon moved in with his mother and lives with his stepfather and their stepchildren. Thurner rented a basement at his mother’s house, which he paid $10 per week.
William then found two jobs and worked at the Davis Doughnut Bakery and Joe Graves Shell gasoline station. All these experiences influenced them to shape Billy into the person he is today. William is characterized by exceptional work ethic, endurance, perseverance, which he passed on to all his businesses.
Billy Walters Living the Dream
Billy joined the Computer Group. This was a company that used computer systems to analyze and predict sports outcomes. His role was to look and find the weakest betting lines and place the biggest bets. He wasn’t earning much at first.
His humble beginnings in his sportsbook career didn’t deter William from gambling. Between 1965 and 1981, Billy worked in the automobile sales industry. Soon, his talent and work ethic surfaced, and he became the manager at Stevens Brothers Auto Sales. Later, he started his own company, Taylor Boulevard Auto Sales, before he left the industry and moved to Las Vegas. His desire was to focus on sports betting.
Walter did become one of the most successful sports bettors the world has ever seen. His specialty was handicap games. Simultaneously, he was living the dream as a poker player. William won the No-Limit Hold ‘Em tournament at the 1986 Super Bowl of Poker. He retired from poker in 1988. Thanks to William and many other heroes, who are the living proof you can get rich from poker, this game is so popular.
Still, sports betting was William’s greatest passion. Over the course of 39 years, Billy Walters managed to earn impressive figures. It is speculated that Billy made a staggering $50 million every month from his favorite passion. As per Bill, he had only one red year.
From Billy Walters’ $100 Million Net Worth to Donald Trump’s Pardon
The fact he was one of the most successful sports bettors in history didn’t satisfy all of William’s needs. After quitting poker, he started his own business. At first, he had only 2 employees. However, the company grew to 2,000 people in a heartbeat. Shortly after that, William turned to the investment world.
The Walters Group entered commercial and residential real estate. However, the business grew as they branched into the golf industry, operating renovating businesses. In 2011, Walters appeared in 60 Minutes, where he spoke about sports betting in a desire to educate the public more about this industry and its potential. His net worth was around $100 million at the time.
In 2017 William was convicted for insider trading and sentenced to five years in prison. In addition, he had to pay $43 million to the government. In 2021, William got a pardon from Donald Trump. Alongside Bill, on the list of people who enjoyed the last-minute presidential pardon were Elliot Broidy, Anthony Levandowski, Lil Wayne, Kodak Black, and many others.
There’s Always Sunshine After Rain: the Conclusion of Billy Walters’ Story
Why is the life of Billy Walters so vital for fans of casinos and casino gaming? The lines above are not a tribute to the world’s best sportsbook bettor. This story shows you how dreams come true if you work hard and never give up.
Williams’ beginnings were humble. He had many failures. In fact, there was a time when he would lose $50,000 on bad bets. But, as William once said, he has been through some monumental failures before getting to the top. This should be the moral of this story. Losing is just a part of a winning process.
Every player has to learn from their mistakes and use them as a tool to become better versions of themselves. Regardless of whether you’re a new player entering the section or having years of casino experience under your belt, never give up on your dreams. Stand up after every failure, hit the books, start practicing, and the result will come. Today it’s Billy Walters, but maybe in a few years, you’ll be the one we write about.